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Nasdaq 100 Bulls Still In Control Above 28,280 Key Support Amid U.S.-Iran Tensions

By Seeking Alpha May 08, 2026 Bullish
Nasdaq 100 Bulls Still In Control Above 28,280 Key Support Amid U.S.-Iran Tensions
Nasdaq 100 remains in a bullish structure despite short-term volatility driven by US-Iran geopolitical tensions and profit-taking, with price action stabilising above key support at 28,280. Market sentiment was briefly pressured by conflict-related headlines, but losses were largely recovered as ceasefire stability expectations improved and risk appetite returned.
Nasdaq 100 remains in a bullish structure despite short-term volatility driven by US-Iran geopolitical tensions and profit-taking, with price action stabilising above key support at 28,280. Market sentiment was briefly pressured by conflict-related headlines, but losses were largely recovered as ceasefire stability expectations improved and risk appetite returned.